Blue Trust Inc. Has $772,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Blue Trust Inc. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 41.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,792 shares of the construction company's stock after selling 1,252 shares during the period. Blue Trust Inc.'s holdings in EMCOR Group were worth $772,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN boosted its position in shares of EMCOR Group by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 71,539 shares of the construction company's stock valued at $30,800,000 after acquiring an additional 183 shares during the period. Claro Advisors LLC acquired a new stake in EMCOR Group in the 3rd quarter worth about $433,000. CHB Investment Group LLC bought a new stake in EMCOR Group in the 3rd quarter valued at about $285,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of EMCOR Group by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,491 shares of the construction company's stock worth $1,934,000 after purchasing an additional 75 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of EMCOR Group during the third quarter worth approximately $362,000. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th.

EMCOR Group Price Performance

EME traded down $7.13 during trading on Tuesday, hitting $447.97. 221,551 shares of the stock traded hands, compared to its average volume of 432,191. The business has a 50 day moving average price of $407.64 and a 200 day moving average price of $382.03. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $456.16. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 29.55 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping the consensus estimate of $3.76 by $1.49. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. EMCOR Group's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.95 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group's dividend payout ratio is currently 6.60%.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now directly owns 8,637 shares of the company's stock, valued at approximately $3,202,513.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.26% of the company's stock.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.